Brazil's Tax-Reform Vote Is Delayed
Until Tuesday Due to States' Pressure

Dow Jones Newswires

Updated Nov. 18, 1999 12:01 a.m. ET

BRASILIA -- Brazil's long-awaited tax reform package was dealt another setback Wednesday as a special lower House committee postponed until next Tuesday the first vote on the measure. The delay was in response to growing pressure from Brazilian state government lobbies.

State governors, mainly from the west-central and northern regions of Brazil, want to keep their right to offer tax breaks to lure investments, a possibility which was...